Tax officials cannot routinely apply the Black Money Act (BMA) merely because a person has been treated as a ‘resident’ after remaining in India for more than 181 days against their will. (AI image) Delhi High Court’s recent order has changed the scope of imposing the Black Money law for individuals who have been forced…
New Delhi: India’s net direct tax collections for the financial year 2025–26 recorded strong growth of 8.82%, reaching Rs 18.38 lakh crore as of January 11, 2026, compared with Rs 16.89 lakh crore collected during the same period last year, according to official data released by the Income Tax Department on Monday. Gross direct tax…
Transactions Tracked By Income Tax Department: Imagine you buy a coffee, pay for your movie ticket, or transfer money to a friend. Most of these everyday transactions go unnoticed, yet some payments, investments, and bank movements quietly catch the attention of the Income Tax Department. Have you ever wondered why certain transactions are tracked while…